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Legislative Year: 2021 Change
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Bill Detail: SB21-289

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Title Revenue Loss Restoration Cash Fund
Status Governor Signed (06/24/2021)
Bill Subjects
  • State Revenue & Budget
House Sponsors L. Herod (D)
S. Bird (D)
Senate Sponsors D. Moreno (D)
B. Rankin (R)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 05/28/2021
Summary

The bill creates the revenue loss restoration cash fund (fund). The
state treasurer is required to transfer $1 billion from the American

Rescue Plan Act of 2021 cash fund to the fund. This amount represents
a portion of the money that the state receives from the federal coronavirus
state fiscal recovery fund that represents the state's revenue loss as
calculated under United States department of treasury guidelines.
The general assembly may appropriate or transfer money from the
fund to a department for the provision of government services, including
kindergarten through twelfth grade public education, housing, state
employees, asset maintenance, seniors, criminal justice, state parks,
agriculture, and transportation infrastructure. On and after January 1,
2022, the general assembly may only appropriate money from the fund
through the annual general appropriation act or a supplemental
appropriation act.
The bill allocates the money over 3 fiscal years, as follows:
  • $357 million for the fiscal year 2021-22;
  • $333 million for the fiscal year 2022-23; and
  • $310 million for the fiscal year 2023-24.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (07/26/2021) (most recent)  
Additional Bill Documents Bill Documents
Including:
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
Lobbyists Lobbyists
Audio [This feature is available by subscription.]  
Votes House and Senate Votes
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